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Fed’s Waller: We think we can raise rates and not have a big impact on unemployment

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We are trying to get the jobs market back to equilibrium, right now it’s out of whack Could pull back demand for labor and that would be a good thing If we get some help from supply chain resolution, that’s fantastic, but won’t count on it Inflation is too high, my job is to get it downThis is the time to hit with rate increases, because the economy can take itDo it now, front load it There’s clearly a coordinated communications strategy around talking down the jobs market prospects due to rising rates. He’s the third Fed member to specifically mention it today.

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